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You’re Miserable USA!

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Miserable? Feeling like you want to turn the corners of the smiley down so it reflects your current mood? Believe you would get the lead role in the Les Misérables? Take a look at the Misery Index and see if you really are feeling like the only solution is to either jump now or bang your head against the desk of the guy sitting next to you. You could always attempt to punch the screen of the PC so you stop getting the ticker with the bad news across the top of it. Miserable!

The Misery Index was invented decades ago by Arthur Okun, an economist and adviser to President Lyndon Johnson (back in the 1960s). It’s the unemployment rate and the inflation rate added together, which would make any of us real miserable these days, wouldn’t it? At least, the first figure would. Although, if we really want to have some fun, then we could do not just the Misery Index, but the REAL Misery Index by taking the real unemployment figure and not just the one that has been dressed up by the Bureau of Labor Statistics for the masses of Sheeple that are ready to believe that we have a 6.7% unemployment level today in the USA.

The U-3 Unemployment Rate, the official figure that is released publically and bandied about as being a gauge of how great the US economy is doing, is enough to make anyone’s smiley go into a fit of rage. Still, no point ranting, it’s been like that since 1994, when the people who were discouraged from looking for work were taken out of the figures. The inflation rate for the USA stood at 1.5% for December 2013 (released on January 16th 2014). So that means the USA has a Misery Index of 8.2.

Taking the U-6 Unemployment Rate, which includes all of those that are going to do a great deal for the image of any government (the guys that are discouraged, can’t and haven’t been able to find jobs and all of those that have worked part time and so have been considered to be employed) things look very different. The December U-6 figure stood at 13.1%. That’s a more miserable Misery Index than the previous (official) one, isn’t it? More fitting with your current mood? The total figure then stands at 14.6. It could be worse, however, when inflation was running at over 14% in the first and second quarters of 1980 and the Misery Index was at the all-time high of over 21. 
If we are to believe the US Bureau of Labor Statistics, there are more people in work today, but they also fail to tell us that roughly 97% of jobs that have been created are only part-time positions that people have been forced to accept because they can’t get by financially. Economically forced to become miserable! Back in August 2013 when the Federal Reserve kept playing with the nerves of investors and the markets by its catch-me-if-you-can game in which Ben Bernanke thought it would be a good idea to announce Mondays that tapering was on the cards, then Tuesdays that he was having second thoughts. By the time Fridays came around it was just a whole mess and nobody knew what was happening. So it went on for weeks and weeks but the decisive factor was always the employment rate and getting below the 7%-mark.

Now we are there (officially, of course). But, in the first half of the year for 2013 there were 963, 000 people that were reported as having become ‘employed’. Of those, there were 936, 000 that were reported to have found nothing more than part-time employment. Does the Bureau of Labor Statistics know that living off a couple of hours a week in employment doesn’t even help to scrape a living? Part-time means lowly paid jobs too in the restaurant sector, retail and health as well as temporary-staffing agencies. The involuntary part-time employment rate doubled over the period of 2007-2012. Women increased the most from 3.6% to 7.8%, while men went from 2.4% to 5.9%. Miserable!

Unemployment and inflation have a clear influence on happiness in the country, just as long as it’s the real statistics that are being used and not the ones that get doctored up to make it seem as if we are on the road to recovery. The intravenous drip is being withdrawn, but the people are still miserable. Sheeple are miseries too. How far does the Misery Index actually do anything, though? Inflation is low right now and it doesn’t mean that we are happy bunnies waiting for the next bout of open-field cross-country running in the financial markets with the breeze in our hair. Misery is falling according to the Misery Index and is currently at a four-year low.

But, can we judge the book by its cover? Hardly! A quarter of US citizens are going to default in the next few months on their credit-card repayments. One fifth are using credit more and more often just to pay the utility bills and buy the groceries.

Just how miserable do you feel right now?

Originally posted: You’re Miserable USA!

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Mon, 02/03/2014 - 23:52 | Link to Comment drendebe10
drendebe10's picture

No worries. The arrogant, lying narcissistic illegal alien kenyan fydge packer and the wookie.alongwith. the other ruling elite class get to cintinue their imperial grand lifestyle.

Mon, 02/03/2014 - 23:44 | Link to Comment wisehiney
wisehiney's picture

jimmy carter nor oBUMMER weasel could wipe the smile from my face. Lot's of fun gaming the cocksuckers. So predictable.

Mon, 02/03/2014 - 22:35 | Link to Comment Never One Roach
Never One Roach's picture

MSM says everything is fine, recovery robust and my mother tells me it will be fine, and the guy next to me in the clinic also tells me I'm happy and so does the doctor ... so I guess I must be happy, right?

Mon, 02/03/2014 - 22:10 | Link to Comment Bárðarbunga
Bárðarbunga's picture

Near the end of the article it says:

"Sheeple are miseries too. How far does the Misery Index actually do anything, though?"

I've tried to figure out exactly what the author is saying here. It seems like rambling. Is it to mean Sheeple are miserable too? Ok, but that statement still seems to be idiotic. And then the part about How far does the Index does anything? Um, what? Actually do anything, though. See, it still seems like nonsense anyway you parse it. Like some thought was there but it got jumbled up in the translation.

It ruins the point of the article when there is some thrown in ambiguity that leaves you scratching your head. Enough even to waste time posting about it. We need more people employed as proof-readers before these articles jam up our blog pages. Then maybe our misery index will go down...

Mon, 02/03/2014 - 22:21 | Link to Comment satoshi911
satoshi911's picture

Reading a ZH post can and will harm the human mind.

Just comment, and enjoy the circle jerk.

If it feels good type-on.

*

When I was younger I used to call this shit 'filler', air-filler, space-filler on paper, and now its blog-filler for ZH, but filler non-the-less.

Certainly the RANDOM algo that pick's these posts can do better, but then they're restricted to the same 10-20 predictable dailyl author's,

You have to wonder, are they trying to make folks go nut's, or do these 10-20 advertisters, get to post, cuz that is the advertising model, you pay, and we let you post. Most of these banner posts are always newsletter advertising.

Mon, 02/03/2014 - 23:19 | Link to Comment new game
new game's picture

your here? seems circular. hmmm

 

Mon, 02/03/2014 - 22:07 | Link to Comment satoshi911
satoshi911's picture

SCHIFF SHIT's and ZH doens't rub it in our NOSE?

What's Up doc?

 

Peter Schiff: Yellen will reverse taper, increase QE; U.S. to head into recession

http://economiccollapsenews.com/2014/02/03/peter-schiff-yellen-will-reve...

Mon, 02/03/2014 - 20:06 | Link to Comment new game
new game's picture

now i'm feeling better, cheer me up, as least i'm not alone!

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